Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

ANZ welcome review of Financial Advisers Act

ANZ welcome review of Financial Advisers Act


New Zealand’s largest KiwiSaver provider, ANZ, today welcomed the Government’s review of financial advice legislation and said more New Zealanders would need access to quality financial advice as they neared retirement age.

ANZ Wealth managing director John Body said it was timely to review the legislation which had been in place for five years: “Our research tells us people have very limited understanding of financial matters and investing. They need professional advice but are reluctant to seek it.

“This review needs to accomplish two things: help build public confidence in financial advisers and ensure people have ready access to quality financial advice when they need it

“Around 20% of our population will be 65 or older by 2028 – that’s a lot of people approaching retirement over the next 13 years who would benefit from access to quality financial advice.

“We’re all living longer and many people could be retired for more than 30 years – they will need good advice to ensure a comfortable lifestyle.

“In reviewing the industry, we need to ensure people can get good quality advice and that the industry can continue to attract talented people.”

ENDS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.